COSCO Shipping reports 2007 net profit up 84%
2008-03-22 21:25:31
COSCO Shipping Co, a specialized equipment carrier under China's top shipper COSCO Group, said Friday its net profit rose 84.3 percent in 2007 on surging transport demand fueled by the booming foreign trade.
Shenzhen Development Bank sells 6.5b yuan bonds
2008-03-24 14:30:54
China's Shenzhen Development Bank sold 6.5 billion yuan in 10-year bonds, sole underwriter UBS said on Monday, as Asian issuers continue to borrow money locally amid difficult global market conditions.
China Life invests $300m in Visa IPO
2008-03-24 14:48:34
China Life Insurance Co, the nation's largest insurer, said it invested $300 million in Visa Inc's initial public offering, and plans further investments in the US and Europe to diversify its portfolio.
Mergers approved to consolidate steel sector
2008-03-20 20:21:04
The National Development and Reform Commission announced on Wednesday it had approved Baosteel's acquisition of two steel makers in the southern Guangdong Province.
Oil giant suffers $5.4b of refining loss in 2007
2008-03-21 17:02:16
China National Petroleum Corporation, the country's leading oil producer, lost 36.2 billion yuan in its oil refining and processing businesses last year, according to a company report released on Thursday.
ICBC may buy Wing Lung
2008-03-21 15:28:15
Industrial and Commercial Bank of China Ltd (ICBC) and Standard Chartered Plc may bid for a majority stake in Hong Kong's family-controlled Wing Lung Bank Ltd, sources said.
Air China 2007 profit up 30%
2008-03-19 13:48:51
Air China, the country's largest international carrier, said on Tuesday that its 2007 net profit rose 30.37 percent year-on-year on higher passenger traffic and improved investment returns.
Wen: China to adopt monetary policies properly
2008-03-18 14:28:08
Chinese Premier Wen Jiabao said on Tuesday that how to properly adopt various monetary policies is a great test to China.
Chalco to step up overseas expansion
2008-03-19 11:13:40
Aluminum Corp of China Ltd, or Chalco, said it will step up its overseas expansion after it bought a 12 percent stake in Rio Tinto Plc in February.
Chinalco profits down 14% in 2007
2008-03-18 17:18:49
Chinalco, the country's largest aluminum company, reported 10.23 billion yuan of net profits in 2007, down 13.65 percent year on year, according to the company's annual report.
Citic won't guarantee buying into Bear Stearns
2008-03-17 10:19:43
Citic Securities Co can't guarantee it will reach a final agreement to buy into US investment bank Bear Stearns after Bear's financial crisis triggered a bailout plan.
Shenhua posts 17% rise in 2007 profit
2008-03-17 16:05:05
Shenhua Energy said its 2007 net profit rose 16.6 percent as it increased coal and electricity output to meet rising domestic demand.